The market is increasingly turning against the US dollar, with short positions at their highest level since January 2012, according to Bank of America’s foreign exchange and rates sentiment survey. This shift in sentiment comes as the US Dollar Index, which tracks the value of the greenback against a weighted basket of six major currencies, has declined 1.3% year to date. Record Bearish Positioning Reflects Deep Skepticism About the Dollar The latest Bank of America survey finds dollar positioning in Fe ...

Thursday’s jobs report added to mounting evidence that the U.S. labor market is losing steam. The September report, compiled by the Bureau of Labor Statistics (BLS), found that employment in July and August was overstated by 33,000. Job creation in July was revised down by 7,000 from a gain of 79,000 to 72,000 and job gains in August were lowered by 26,000 from a gain of 22,000 to a loss of 4,000.  US ADDED 119K JOBS IN SEPTEMBER, DELAYED JOBS REPORT SHOWSOriginally slated for release on Oct. 3, the Septemb ...